2019 (11) TMI 214

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....e Petitioner (s) : DARSHAN R PATEL(8486) ORAL ORDER (PER : HONOURABLE MS.JUSTICE HARSHA DEVANI) 1. Mr. Darshan Patel, learned advocate for the petitioner invited the attention of the court to the reasons recorded for reopening of assessment to submit that the Assessing Officer seeks to reopen the assessment on the ground that the petitioner had not furnished a separate Profit and Loss Acc....

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....o the detailed submission on the claim made under section 80IA(4) of the Act for the Assessment Year under consideration. It was pointed out that after considering the explanation given by the petitioner, the Assessing Officer has, in the Assessment Order dated 05.03.2015 passed under section 143(3) of the Act held that the petitioner fulfills all the conditions for deduction under section 80IA(4)....